WASHINGTON — White House officials moved quickly on Wednesday to calm fears
of a potential trade war with China, saying the administration's proposed tariffs were a «threat» that would ultimately help, not hurt, the United States economy, hours after China said it would punish American products with similar levies.
White House officials moved quickly to calm fears
of a potential trade war with China, saying the administration's proposed tariffs were a «threat» that would ultimately help, not hurt, the United States economy, hours after China said it would punish American products with similar levies.
Not exact matches
With President Donald Trump due to arrive in Germany later on Thursday, a lawmaker in the country has voiced concerns over a
potential trade war between the U.S. and Europe as a result
of Trump's protectionist policies.
Pecan growers and suppliers are hoping to sell U.S. consumers on the virtues
of North America's only native nut as a hedge against a
potential trade war with China, the pecan's largest export market.
Top
of the risk charts was the US's new - found protectionism,
with trade tariffs having the
potential to batter investor confidence — especially if the US's
trading partners, rather than adopting a mollifying stance, choose instead to meet fire
with fire by launching an all - out
trade war.
Hefty U.S. fiscal stimulus and the risk
of trade wars create a wider array
of potential outcomes — both positive and negative —
with implications for financial risk premia.
Though California's overall economy is less dependent on exports than those
of many states, the California counties most likely to be harmed by the
potential emerging
trade war with China include many that are already struggling economically.
This was followed by Treasury Secretary Steven Mnuchin implying that «there is
potential of a
trade war» in his interview
with CNBC on the situation.
The
potential for a
trade war with China is already complicating some key Senate races ahead
of the November midterms, especially for Republicans hoping to expand their majority.
However, we also believe that market volatility could remain heightened throughout the year due to the increased risk
of a
trade war with China, uncertainty around the approaching mid-term elections, the
potential for increased regulation
of large technology companies, and increased investor wariness
of market valuations in the midst
of the elongated bull market cycle.
The news concerning forecasted Fed rate hikes, inflation projections, and a
potential trade war with China have shaken up the markets since February
of this year.
US companies continue to grow earnings, but it remains to be seen if the
potential negative effects
of a
trade war with China will negate the generally positive net impact
of the tax cuts.